- Jan 24, 2015
- Reaction score
- Alta California, federalist.
Only if you misunderstand the economics involved. A statutory minimum wage increase is just Government moving the goalposts. Higher wages will follow that increase in the minimum wage due to normal market based arbitrage. Labor should start clamoring for a wage increase.Oh, prices go up almost instantly and eventually, maybe, in a year or two (or more),Eventually, due to that upward pressure on wages.You are the one claiming they can't for the rising minimum wage when labor will have more money to spend.You are even more hilarious. Capitalists pass on costs to the consumers all the time. You are the one claiming they can't for the rising minimum wage when labor will have more money to spend.Not having any valid rebuttals give the lie to You, not me.Not having any valid rebuttals give the lie to You, not me.I don't need to lie,I don't need to lie, unlike right wingers who have nothing but fallacy.You said consumers, like the guy making $30/hr, can afford to pay more, because they'll make more, after the minimum wage is hiked to $15.How is it a lie? The richest can afford it, why shouldn't those rich enough to be paid thirty dollars an hour?
If you can't explain how, just say so.
Or admit you lied.
A higher minimum wage puts an upward pressure on wages. The private sector is a price taker not a price maker since that is a function of Government and done by the public sector under the statutory authority of (the socialism of) Law.
But you still did.
A higher minimum wage puts an upward pressure on wages.
It's quicker if you just admit you lied.
The private sector is a price taker not a price maker since that is a function of Government
The government is a price maker? How did that work out historically?
It worked out fine; public sector command economics achieved full employment and won WWII.
Labor is only one factor of production and those costs can easily be justified and passed on to consumers
Only immoral capitalists do that instead of simply passing costs to the consumer who can afford more with a higher minimum wage.
Your comments rebut themselves.
And your inability to post your proof when challenged.
It worked out fine;
Which prices are still made by government?
What percentage is that of the total number?
Must be a lot, because "it worked out fine". DURR
Did you ever explain how the guy making making $30/hr has more money to spend
when the minimum goes up to $15/hr?
the increased unemployment caused by the mandated hike in costs will lead
to higher wages.